How does entrepreneurs' socialist imprinting shape their opportunity selection in transition economies? Evidence from China's privately owned enterprises
How does entrepreneurs' socialist imprinting shape their opportunity selection in transition economies? Evidence from China's privately owned enterprises
复制标题
企业家的社会主义印记如何影响他们在转型经济中的机会选择?
DOI:
10.1007/s11365-017-0485-0
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发表时间:
2018-12-01
影响因子:
5.6
通讯作者:
Lin, Qiao
中科院分区:
文献类型:
--
作者:
Dai, Weiqi;Liu, Yang;Lin, Qiao
Drawing on imprinting theory and the attention-based view of strategy, this study extends previous literature on the implications of imprinting for opportunity selection by examining how Chinese entrepreneurs' socialist imprinting from their formative experiences in the Danwei system guides them to pursue lucrative policy-induced opportunities arising from government deregulation, reform, and incentives in certain industries. Using data from 3803 privately owned enterprises in China, we find that (1) privately owned enterprises with entrepreneurs bearing the socialist imprint are more likely to act on policy-induced opportunities to make a quick profit; (2) the relationship between socialist imprinting and the selection of these opportunities is mediated by the entrepreneurs' attention to government policies; (3) the positive association between socialist imprinting and the selection of these opportunities is less salient for privately owned enterprises located in regions with higher institutional development.